GREY:ZARFF - Post by User
Comment by
pablo87on Nov 23, 2018 3:51pm
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Post# 29015795
RE:if SP is at 0.05 now, why Debenture-holders will accept 0.1?
RE:if SP is at 0.05 now, why Debenture-holders will accept 0.1?"The rules of the Toronto Stock Exchange (the "TSX") require the exchange price to be at market. The price of $0.10 per Common Share underlying the proposed Transaction represents the volume weighted average trading price ("VWAP") of the Common Shares on the TSX for the 5 trading days ending November 20, 2018, in accordance with the TSX definition."
Which basically means if we say no, they'll come back with another proposal at 5 cents or whatever the price is then (I would imagine).